Calo Secures $25 Million to Expand Custom Meal Delivery Service

Calo Secures $25 Million to Expand Custom Meal Delivery Service
Middle Eastern startup Calo has raised $25 million in Series B funding to expand its ready-to-eat meal service. The funding, led by Nuwa Capital, aims to enhance meal customization for various dietary needs, such as weight loss and muscle gain. With the meal delivery market projected to reach $11.2 billion by 2030, Calo plans to extend its operations beyond the Middle East, including an acquisition of a UK food startup. Currently valued at $250 million, Calo served 10 million meals this year, emphasizing health-conscious options for busy professionals.